Home › ZIP 98248

Daycare Centers Market: ZIP 98248

Opportunity Score

61 / 100 Good

Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 98248 is an urban area. with a population of 28,061 and household incomes above the national median ($88,566). There are 5 daycare centers operations in ZIP 98248.

Area Profile

28,061

Population

$88,566

Median Income

+19% vs. national

Urban

Area Type

Median Age: 37.1 — mixed-age market, broad menu appeal.

College-Educated: 21.3% — value-focused market, keep prices competitive.

Competition

Daycare Centers and related businesses in ZIP 98248.

Daycare Centers

Low competition — room to establish

1.8 per 10K residents

Schools

1.1 per 10K residents

What this means: Daycare Centers are 62.5% of the relevant market in ZIP 98248 (5 vs. 3 related businesses). Well-established market — differentiation is non-negotiable.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,580

2BR Fair Market Rent

$1,455

Median Gross Rent

$550 K

Median Home Value

Bank Branches

$510 K deposits

Tips for Starting a Daycare Business in Washington

Licensing comes first. State childcare licensing takes 3-6 months in most states. Start that paperwork before you sign a lease.
Staff-to-child ratios are set by law and they dictate your entire cost structure. Know your state's ratios before building a financial model.
Location matters more than marketing. Parents pick daycares within 10 minutes of home or work. Proximity to commuter routes beats a nice website.
Insurance costs $3,000-$10,000/year depending on your state and capacity. Get quotes early. Some carriers won't cover home-based operations.